The following proposal for the Global Resource Banking system will be presented at the World Summit for
Social Development in Copenhagen, 11-12 March 1995 by Bettina Corke, Co-chair
of the International Council on Social Welfare and Lennart Bylund, the Bank's
representative in Sweden.

Global Resource Bank

"Capitalizing the Wealth of Nature"

Introduction

There is no greater store of wealth than in nature, nor better medium of
exchange than telecommunication.

The Global Resource Bank issues global dollars that value the production
of nature. The Bank's currency quantifies the economy of ecosystems. This
money measures the capacity of nature to produce the commodities that sustain
life on Earth. The transfer of Global Resource Bank dollars earns the Bank
income to pay shareholder dividends, invest in a natural environment and buy
telecommunications. The Bank pays off the world's public debt. Each person
owns one share of the Bank.

The establishment of the Global Resource Bank begins a free public
enterprise where the value of resources, direction of investments and
orientation of technology are in harmony with a natural environment. The
Bank's charter outlines a rational transition from people living with the
fear of consuming nature's life-giving resources to a future of natural
abundance for everyone.

The Global Resource Bank Charter

The people of the world establish the Global Resource Bank (the Bank) to
empower a monetary system that values the production of nature.

Articles of Association

Art. 1. SHAREHOLDER: The Bank is organized by all people. Each person owns
one share of the whole. A share is a non-transferable birth right. The Bank
is a free public enterprise directed by the shareholders.

Art. 2. BANK ACCESS: Free access to the Bank is by telecommunication.

Art. 3. BANK ASSETS: The assets claimed by the Bank are the resources of
nature outside national jurisdiction. The shareholders value the natural
production capacity of ecosystems in this region at 6,000 trillion Global
Resource Bank dollars on par with United States dollars.

Art. 4. SHAREHOLDER CAPITAL: Shareholder capital is transferred from bank
assets to shareholder accounts in the amount of 10,000 dollars per year for
ten consecutive years. Electronic cash transfers between accounts are cleared
by the transparent cash transfer program described in articles five through
eight.

Art. 5. BANK INCOME: The initial rate of bank income is 2 percent of cash
transfers. This transfer fee is divided equally between the accounts taking
part in a cash transfer. The Bank's initial percentage rates are adjusted to
the average percentage rates that result from shareholder/director choices.

Art. 7. ENVIRONMENT INVESTMENT: The initial environment investment rate is 10
percent of bank income divided equally among shareholder environment
accounts. The shareholders are entrusted to allocate this money to
investments that protect and/or renew ecosystems.

Art. 8. COMMUNICATION ACCOUNT: The initial rate the communication account
receives is 10 percent of bank income. This money is to pay for a full
service telecommunication network. The communication account manager is hired
by the majority of voting shareholders to buy telecommunications at the
market.

Art. 10. CREDITOR CAPITAL: The Bank transfers from bank assets to creditor's
bank accounts sufficient Global Resource Bank dollars to pay off the world's
public debt at the United States dollar exchange rate.

Art. 11. STEADY STATE: The dollars required to maintain the ratio of total
capital per shareholder at a steady state are automatically transferred
between bank income and the Bank's dollar reserve.

Art. 12. AMENDMENTS: These Articles of Association may be amended by the
majority of shareholders. Guardians of shareholders have proxy rights.

General Prospectus

The Global Resource Bank (GRB) is a free public enterprise that
earns all people financial freedom, invests in a natural environment, buys
telecommunications and pays off the world's public debt. The GRB issues
global dollars that measure the value of ecosystem production outside
national jurisdiction. The economies of ecosystems within this region produce
the majority of commodities that sustain life on Earth. Together all people
value the production capacity of these ecosystems at six thousand trillion
GRB dollars. The Bank is the clearinghouse for GRB dollar transfers. GRB
dollars store the primary value of ecosystems which is the subsistence of
life. The Bank's money coexist with all other mediums of exchange.

Prospectus for each Article

1. The Bank is a direct democratic business that includes everyone. As
owners, shareholders and directors the people adjust the Bank's percentage
rates, earn shareholder dividends, invest in the environment, hire the
communication account manager and amend the charter. How these
responsibilities are accomplished is described in articles 5, 6, 7, 8 and 12.

2. Free access to the Bank is through a 24 hour toll free number paid for
out of the communication account by the communication account manager.

3. The assets the people claim and value are the economies of ecosystems
outside the jurisdiction of nations. The Bank quantifies the capacity of the
people's commonwealth to produce the commodities that sustain life on Earth
at one million GRB dollars for each one of six billion people. This comes to
a total of 6,000 trillion GRB dollars.

4. Over ten years the Bank liquefies $100,000 per person for a total of 600
trillion GRB dollars in personal working capital. Transparent,
telecommunicated cash (telecash) transfers ensure open accounting and instant
settlement. The free flow of GRB dollars is unregulated.

5. The amount of bank income varies with the transfer fee and the amount of
cash transferred. The amount of cash transferred is a function of the market.
The people manage the system by adjusting the transfer fee and choosing what
percentage of bank income goes to shareholder's personal accounts,
shareholder's environment accounts and the communication account.

7. The shareholder's environment account gives each person direct
responsibility for Earth's natural environment. This investment in nature
grows the global economy by increasing ecosystem production. The large
magnitude of the investment reverses negative trends produced by lesser
monetary systems that value the consumption of natural capital.

8. The cash flow to the communication account pays for an interactive
communication network that fully employs telecommunication technology. Free
access to the Bank is a universal condition. The Bank's home office is with
the communication account manager.

9. The start-up capital is for initial investments in the environment and
telecommunications.

10. The creditors of the public debt, including individuals, US Federal
Reserve Banks, the Bank of International Settlement, the World Bank, other
banks, the International Monetary Fund, municipal bond holders etc., are paid
off with GRB dollars. When the people establish the Bank an amount of GRB
dollars equal to the world's public debt in US dollars is put in escrow. The
acceptance of the pay-off is at the discretion of the creditors. The lending
of GRB dollars is the domain of creditors in free capital markets.

11. To nullify inflation or deflation of GRB dollars, an automatic steady
state mechanism systematically maintains the ratio of total capital per
shareholder.

12. An amendment proposed by a shareholder automatically becomes part of the
Bank's charter when it receives the approval of a majority of shareholders.
Parents vote for children and manage their accounts until they reach
adulthood.

The total working capital distribution including six billion shareholders
is about $700trn. At the current annual cash turnover rate of 7 the Bank
transfers $4,900trn per year. With a 2% transfer fee the Bank's income
is $98trn a year. Eighty percent (80%) of $98trn earns each one of six
billion shareholders $13,000 a year in dividends, 10% (9.8trn) is invested
in the environment and 10% (9.8trn) buys telecommunications. The dollar
reserve of $5,300trn is for: capitalizing new shareholder accounts above the
initial 6 billion, maintaining the ratio of total capital per shareholder at
a steady state, converting money that values the consumption of natural
capital to GRB dollars and confirming people's trust in the system.

Reviews

"Poverty creates pollution: the GRB solution empowers all people to claim
their birth right to natural abundance." Prof. Paul Di Virgilio, University
of Toronto, Canada

"The GRB is a new concept to help manifest the new age." Peter Caddy,
Co-founder, Findhorn Community, Scotland